BSP keeps key rate at 17-year high as inflation risk remains

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) on Thursday extended its pause on any rate adjustments as inflation remains stubbornly high. At its meeting, the Monetary Board left the target reverse repurchase rate untouched at 6.5 percent, the highest in 17 years. It was a decision that was widely expected by the market.
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